Detailed text transcripts for TV channel - MSNBC - 20140715:

Detailed text transcripts for TV channel - MSNBC - 20140715:00:37:00

the -- the companies will eventually have to put the money in the pension funds so later they'll pay less corporate tax. if it falls outside the ten-year window that congress uses to decide whether it's balanced, it doesn't count. >> you're not creating any new revenue. you're pulling revenue from the future into the present. >> exactly. because of that ten-year thing. the amount of revenue this will generate over ten years is enough to fill the highway trust fund back up for five more months. so this buys us five months then in january we'll have to come back and find a new gimmick to put money in highway trust fund. can't use the pension thing because we already used it. >> the funny thing about this, when you cover congress in the era of pay go, where everything has to be paid for, this thing which is known on capitol hill as pension smoothing is like everyone's favorite gimmick pay for. you got new expenses. can we do pension smoothing on that? >> nobody really opposes doing it. they want to make sure it's spent on what they want. like democrats want to use this to extend unemployment benefits

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